To understand Navitas today, you might want to take a look at Texas Instruments stock. However, A funny thing happened to Navitas Semiconductor (NVTS 31.
Moreover, 44%) stock this morning: s of the power management semiconductor specialist exploded 28 (something worth watching), in light of current trends. Moreover, 5% higher through 9:50 a.
ET after announcing its earnings report date: Aug. Meanwhile, Read that again. Navitas stock jumped after saying that it would report earnings on Aug. 4, not what it would report.
However, Yet despite not knowing whether next month's earnings news will be good or bad, investors are buying the stock hand over fist. Image source: Getty Images.
What will Navitas report for earnings. Moreover, On the other hand, Is the announcement of an earnings release date the only reason Navitas stock soared today, in today's financial world. Perhaps not.
This leads to the conclusion that re could be rumors out there, floating around on Wall Street, of which I'm unaware, amid market uncertainty. For example, most analysts have Navitas pegged for a $0.
05 per- loss in its Q2 report, and perhaps news has ed out that Navitas will do better than that.
However, One clue that might help: Seaport Global Securities upgraded Navitas's larger rival, Texas Instruments (TXN -0, considering recent developments.
Moreover, 32%), which is also involved in power management chips. In a note covered on StreetInsider.
Com, Seaport analyst Jay Goldberg ed: "We thought the analog inventory cycle was not going to imve, and the macroeconomy was slowing. We were wrong.
While we see no strong catalysts, it now appears conditions will not deteriorate, and inventories may start to imve. " Is Navitas stock a buy.
Investors might be taking those s and running with them, assuming that if Seaport is no longer a sell, then maybe Navitas stock is worth buying. If that's the case, though, they might want to rethink.
Additionally, Navitas lost money in four of the past five years, and analysts polled by S&P Global Market Intelligence see Navitas losing money for the next four years as well.
Moreover, Navitas still looks a sell to me. Rich Smith has no position in any of the stocks mentioned (noteworthy indeed). Moreover, The Motley Fool has positions in and recommends Texas Instruments.
Furthermore, Nevertheless, The Motley Fool has a disclosure policy.